Surfers Paradise, Queensland

Permanent with No Fixed Hours and No Need to Live Onsite!!

$920,000

Business Description

Permanent with No Fixed Hours and No Need to Live Onsite!!

A hidden gem of a complex in the heart of one of the Gold Coast's most coveted suburbs and in close proximity to an array of restaurants, HOTA, public transport and the famous Surfers Paradise beach. Images might not depict this complex.

Although a smallish complex, on offer is a serene and tranquil environment complemented with a pool, spa, secure parking, low Body Corporate fees, with no need to live onsite and no fixed working hours. Ideal for someone wanting to enter the industry, or someone who wants to add such a bolt-on to their portfolio.

The unit comprises 2 bedroom, bathroom with laundry, open plan dining and living area leading out to a patio at the front and a small office. The manager 2 bedroom unit is currently occupied by a nominee manager who is happy to stay on in the current role.

To arrange an inspection please call: Gavin

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

Business Summary

Business Snapshot

Price: $920,000 Net Profit: $83,600 Remuneration / Body Corp Salary: $59,500

Managers Unit

Value of Managers Apartment: $530,000Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

Complex Information

Complex Type: PermanentTotal Units in Complex: 36Total Units in Letting Pool: 17Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 19 yearsPool: YesSpa: YesBBQ Area: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

1. Highly sought-after location in one of the Gold Coast's most coveted suburbs
2. Close proximity to an array of restaurants, HOTA, public transport, and Surfers Paradise beach
3. Serene and tranquil environment with pool, spa, and secure parking
4. Low Body Corporate fees
5. No need to live onsite
6. No fixed working hours
7. Ideal for someone wanting to enter the industry or add to their portfolio
8. Manager's unit currently occupied by a nominee manager who is willing to stay on
9. 2 bedroom unit with bathroom, laundry, open plan living and dining, and small office
10. Opportunity for potential growth and development in the future.

Management Rights Multiplier: 4.67
ROI Estimate: 21.44%